3 ms·
Comparing working as a W2 employee doesn't really compare to working as a contractor. Getting to choose your own hours, the direction of your project, who you g
by viklove 6y ago
Comparing working as a W2 employee doesn't really compare to working as a contractor. Getting to choose your own hours, the direction of your project, who you get to work with, etc. is far more valuable to me than a bit more money.
- cpitman 6y agoThe article is the one that compared the two, saying that he now makes "more". It is completely correct that you cannot directly compare W2+Benefits to Contractor Revenue. The rule of thumb is to add 50% to a W2 salary to include health insurance and other benefits. So he is nearly there, but not yet.
- bufferoverflow 6y agoI worked as a contractor in 1099 for years. It was exactly the same as W2, except I had to pay estimated taxes 4 times a year. I didn't get to choose hours, direction, who to work with. I think you're confusing it with personal projects.
- balls187 6y ago> I didn't get to choose hours, direction, who to work with. There is nuance in that statement. The IRS has a test for whether a person is an employee or a contractor. https://www.irs.gov/newsroom/understanding-employee-vs-contractor-designation https://www.irs.gov/newsroom/understanding-employee-vs-contr...